Starting now! St. Louis Development Corp. board meets via Zoom. The meeting won’t livestream on YouTube, but should be posted by Thursday.

The meeting appears banal, but decisions made by SLDC-staffed boards lead to over $80M in forgone tax revenue in FY 24, per #ACFRstl report.
#SunshineSLDC

The delay in filing the #ACFRstl is unprecedented, yet has received scant media attention.

Webpage for BB 1:
www.stlouis-mo.gov/government/c...

Scroll down to the "supporting materials" section for #STLbudget2026 presentations, schedule of meetings.

The BOA's budget work is hamstrung, due to the fact that the 2024 Annual Comprehensive Financial Report has not been released. #ACFRstl

Image shows part of the front page of the City of St. Louis Annual Comprehensive Report for Fiscal Year 2023. The archive of past ACFRs is available on the Comptroller's website: https://www.stlouis-mo.gov/government/departments/comptroller/documents/Historical-CAFR-Archive.cfm

I have a question!
Where in the world is the 2024 Annual Comprehensive Financial Report for the City of St. Louis?

The City of STL is hamstrung approving the #STLbudget2026 without the Fiscal Year 2024 Annual Comprehensive Financial Report.
#ACFRstl
🔗 to archive of ACFRs in ALT on image.

I can’t wait to see the support documentation for the #ACFRstl GASB 77 statements.

The mystery of the tardy City of St. Louis Annual Comprehensive Financial Report for FY 2024 (FIscal year ended on 6.30.24)
🧵 ⬇️
Without the financial notes in the #ACFRstl, we don’t know how much revenue was lost in FY 2024 due to tax abatement programs and Tax Increment Financing.

Where’s the
City Of St. Louis
Annual
Comprehensive
Financial
Report for FY 2024?

Since 2017, the #ACFRstl includes disclosure of revenue lost due to tax abatements and TIF.

I hope all media outlets covering the Cordish project announcement today scrutinize and cover the City of St. Louis Annual Comprehensive Financial Report when the #ACFRstl is released by the Comptroller.